Closing Conditions of Closing and Borrowing. 50 SECTION 6.1 Closing....................................................................... 50 SECTION 6.2 Conditions to Closing and Initial Extensions of Credit........................ 50 SECTION 6.3 Conditions to All Extensions of Credit........................................ 55
Closing Conditions of Closing and Borrowing. 30 SECTION 4.1 Closing....................................................................................30 SECTION 4.2 Conditions to Closing and Term Loan........................................................30
Closing Conditions of Closing and Borrowing. 34 SECTION 5.1 Closing 34 SECTION 5.2 Conditions to Closing and Initial Extensions of Credit 34 SECTION 5.3 Conditions to All Extensions of Credit 36
Closing Conditions of Closing and Borrowing. 3.1 Conditions of Initial Loans and Advances 16 3.2 Conditions to all Loans 19 3.3 Waiver of Conditions Precedent 19
Closing Conditions of Closing and Borrowing. 31 SECTION 5.1 ... Closing ................................................. 32
Closing Conditions of Closing and Borrowing. 57 SECTION 5.1
Closing Conditions of Closing and Borrowing. 38 SECTION 4.1 Closing ............................................................. 38 SECTION 4.2 Conditions to Closing and Initial Construction Loan Advance ......... 38 SECTION 4.3 Conditions to All Construction Loan Advances ........................ 46 SECTION 4.4 Final Construction Loan Advance for Improvements .................... 48
Closing Conditions of Closing and Borrowing. 45 SECTION 5.1 Conditions to Closing and Initial Extensions of Credit 45 SECTION 5.2 Conditions to All Extensions of Credit 48 ARTICLE VI REPRESENTATIONS AND WARRANTIES OF THE BORROWER 48 SECTION 6.1 Representations and Warranties 48 SECTION 6.2 Survival of Representations and Warranties, Etc. 54 ARTICLE VII FINANCIAL INFORMATION AND NOTICES 55 SECTION 7.1 Financial Statements 55 SECTION 7.2 Officer’s Compliance Certificate 56 SECTION 7.3 Other Reports 56 SECTION 7.4 Notice of Default and Other Matters 56 SECTION 7.5 Accuracy of Information 57 ARTICLE VIII AFFIRMATIVE COVENANTS 57 SECTION 8.1 Corporate Existence, Etc. 57 SECTION 8.2 Maintenance of Property 58 SECTION 8.3 Insurance 58 SECTION 8.4 Books and Records 58 SECTION 8.5 Payment of Taxes and Claims 58 SECTION 8.6 Compliance With Law 58 SECTION 8.7 Visits and Inspections 58 SECTION 8.8 Use of Proceeds 59 SECTION 8.9 Further Assurances 59 ARTICLE IX FINANCIAL COVENANTS 59 SECTION 9.1 Consolidated Leverage Ratio 59 SECTION 9.2 Consolidated Fixed Charge Coverage Ratio 59 SECTION 9.3 Priority Debt 59 ARTICLE X NEGATIVE COVENANTS 59 SECTION 10.1 Limitations on Liens 59 SECTION 10.2 Limitations on Asset Dispositions 61 SECTION 10.3 Limitations on Mergers and Liquidation 62 SECTION 10.4 Transactions with Affiliates 62 SECTION 10.5 Certain Accounting Changes; Organizational Documents 62 SECTION 10.6 Restrictive Agreements 62 SECTION 10.7 Nature of Business 63 ARTICLE XI DEFAULT AND REMEDIES 63 SECTION 11.1 Events of Default 63 SECTION 11.2 Remedies 66 SECTION 11.3 Rights and Remedies Cumulative; Non-Waiver; etc. 66 SECTION 11.4 Crediting of Payments and Proceeds 67 SECTION 11.5 Administrative Agent May File Proofs of Claim 67 ARTICLE XII THE ADMINISTRATIVE AGENT 68 SECTION 12.1 Appointment and Authority 68 SECTION 12.2 Rights as a Lender 68 SECTION 12.3 Exculpatory Provisions 69 SECTION 12.4 Reliance by the Administrative Agent 70 SECTION 12.5 Delegation of Duties 70 SECTION 12.6 Resignation of Administrative Agent 70 SECTION 12.7 Non-Reliance on Administrative Agent and Other Lenders 71 SECTION 12.8 No Other Duties, etc. 71 ARTICLE XIII MISCELLANEOUS 72 SECTION 13.1 Notices 72 SECTION 13.2 Amendments, Waivers and Consents 73 SECTION 13.3 Expenses; Indemnity 74 SECTION 13.4 Right of Set-off 76 SECTION 13.5 Governing Law 76 SECTION 13.6 Waiver of Jury Trial 77 SECTION 13.7 Reversal of Payments 77 SECTION 13.8 Punitive Damages 78 SECTION 13.9 Accounting Matters 78 SECTION 13.10 Successors and Assigns; Particip...
Closing Conditions of Closing and Borrowing. 45 SECTION 6.1 Closing.........................................................45 SECTION 6.2 Conditions to Closing and Initial Advances......................45 SECTION 6.3 Conditions to All Advances......................................48
Closing Conditions of Closing and Borrowing. 3.1 Conditions of Initial Borrowing..........................................51 3.2 Conditions of All Borrowings.............................................54 3.3 Waiver of Conditions Precedent...........................................54
